Goldman Sachs drops $2.25 billion to hijack the Bitcoin yield market and leapfrog BlackRock by 19x

Goldman Sachs agreed to acquire NEOS Investments for up to $2.25 billion, adding a $30 billion options-income ETF platform that includes one of the largest Bitcoin income funds.

The cash-and-equity deal announced Aug. 12 covers NEOS’ 19 options-based income ETFs and is expected to close in the first quarter of 2027, subject to regulatory approval and other customary conditions. Part of the consideration depends on performance and service commitments.

The acquisition would expand Goldman Sachs Asset Management’s existing $40 billion income and outcome-oriented options ETF business and help lift the firm’s broader global ETF platform to about $130 billion when combined with NEOS and Innovator Capital Management.

Goldman said the combination would make it the eighth-largest active ETF provider based on assets as of June 30.

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